JPMorgan Chase, Bank of America and Wells Fargo Quietly Brace for Customers’ Financial Fallout Amid Increasing Economic Uncertainty

JPMorgan Chase, Bank of America and Wells Fargo are boosting their financial defenses, preparing for customers to increasingly lose the ability to pay their bills. In their new Q2 2024 reports, the banks say they’re significantly increasing the amount of capital they’re holding to cover potential losses from credit card and loan insolvencies – collectively […] source: https://dailyhodl.com/2024/07/27/jpmorgan-chase-bank-of-america-and-wells-fargo-quietly-brace-for-customers-financial-fallout-amid-increasing-economic-uncertainty/